Bakersfield, CA

TIA Data

2017 Financial State of Bakersfield (Released 1/29/2019)

 
Bakersfield's Taxpayer Burden.™ is -$1,500, and received a "C" from TIA.
Bakersfield is a Sinkhole City without enough assets to cover its debt.
Decisions by elected officials have created a Taxpayer Burden™, which is each taxpayer's share of city bills after its available assets have been tapped.
TIA's Taxpayer Burden™ measurement incorporates all assets and liabilities, including retirement obligations.
Bakersfield only has $447.5 million of assets available to pay bills totaling $627.7 million.
Because Bakersfield doesn't have enough money to pay its bills, it has a $180.2 million financial hole. To erase this shortfall, each Bakersfield taxpayer would have to send $1,500 to the city.
The city is hiding nearly all of its retiree health care debt. A new accounting standard will be implemented in the 2018 fiscal year which will require governments to report this debt on the balance sheet.
The city's financial report was released 161 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2016 Financial State of Bakersfield

Other Resources

Bakersfield Comprehensive Annual Financial Reports

Publishing Entity: Finance Department

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